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Nairaland Forum / Nairaland / General / Career / What Are The Possible Full Meanings Of Some Of These Accounting Codes? (1126 Views)
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What Are The Possible Full Meanings Of Some Of These Accounting Codes? by Orkpekyandega(m): 1:28pm On Sep 09, 2015 |
[b][size=14pt] What Could be the Possible Full Meanings of Some of these Accounting Codes? [/size] What could be the meanings of some of these codes in account payable and account receivable transactions? My friend and I have just started working on some documents of a business entity and came across some of these codes, whose understanding and careful interpretation may help us make a better decision concerning what is placed before us. Below are some of the codes:- Crv, JV, INV, JD, JC, CRV, K. Under 'references', some numbers are attached to these codes, why under 'codes' they appear without numbers attached to them. See examples below:- Reference Code Dr Cr IVN5620 INV #8000 IVN5621 IVN #9500 IVN5622 IVN #9000 crv8900 Cash #3000 crv8901 Cash #6000 crv8902 Cash #4000 Accountants and those that have sound knowledge of financial reporting in the house, what are your views on these? [/b] We have started working on the report already but we are yet to reach a compromise as to the meaning of some of the codes stated above. Your contribution is most welcome. |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by PissedOffWeed(m): 2:15pm On Sep 09, 2015 |
This should reach FP ABEG. Not tonto dikeh and linda ikeji pictures ![]() ladyf and introvert cant be of use here ![]() 1 Like |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by ladyF(f): 2:20pm On Sep 09, 2015 |
Think I know some of them... 1 Like |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by olabode89(m): 10:59pm On Sep 09, 2015 |
JV.... Journal voucher INV.... Invoice 1 Like |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by Orkpekyandega(m): 11:09am On Sep 10, 2015 |
ladyF:I should be glad if you could kindly state them down |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by Orkpekyandega(m): 11:11am On Sep 10, 2015 |
olabode89:Thanks. What about the rest pls? |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by Orkpekyandega(m): 11:12am On Sep 10, 2015 |
PissedOffWeed:Where are they? |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by fulanigirl(f): 12:57pm On Sep 10, 2015 |
Orkpekyandega: JD -journal debit JC - journal credit Inv - invoice So where it says "IVN5622" it's referring you to an invoice. It's an invoice number. You might want to go to the sales ledger to find the corresponding invoice. Also "crv 8902" is cash received and it's a reference to the receipt. 1 Like |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by Orkpekyandega(m): 1:19pm On Sep 10, 2015 |
fulanigirl: Thanks for your contribution. You made my day. Hmmmmmmmnnnnn am afraid of your monicker though. |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by fulanigirl(f): 8:20pm On Sep 10, 2015 |
Orkpekyandega: Why? |
Re: What Are The Possible Full Meanings Of Some Of These Accounting Codes? by Orkpekyandega(m): 10:53am On Sep 11, 2015 |
fulanigirl:I don't think this places is safe and convinient for me to talk about it. I just wish to keep it to myself. Thanks |
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